CARRIER GLOBAL CORP (CARR) Stock Fundamental Analysis

NYSE:CARR • US14448C1045

60.78 USD
-2.75 (-4.33%)
Last: Feb 25, 2026, 11:02 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

CARR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 42 industry peers in the Building Products industry. CARR may be in some trouble as it scores bad on both profitability and health. CARR is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • CARR had positive earnings in the past year.
  • In the past year CARR had a positive cash flow from operations.
  • CARR had positive earnings in each of the past 5 years.
  • In the past 5 years CARR always reported a positive cash flow from operatings.
CARR Yearly Net Income VS EBIT VS OCF VS FCFCARR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.99%, CARR is in line with its industry, outperforming 47.62% of the companies in the same industry.
  • CARR has a Return On Equity (10.75%) which is in line with its industry peers.
  • With a Return On Invested Capital value of 5.06%, CARR is not doing good in the industry: 69.05% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for CARR is significantly below the industry average of 11.90%.
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROIC 5.06%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
CARR Yearly ROA, ROE, ROICCARR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • The Profit Margin of CARR (6.82%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of CARR has declined.
  • Looking at the Operating Margin, with a value of 10.01%, CARR is in line with its industry, outperforming 47.62% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CARR has declined.
  • Looking at the Gross Margin, with a value of 26.05%, CARR is doing worse than 64.29% of the companies in the same industry.
  • CARR's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
CARR Yearly Profit, Operating, Gross MarginsCARR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CARR is destroying value.
  • CARR has less shares outstanding than it did 1 year ago.
  • CARR has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CARR has been reduced compared to a year ago.
CARR Yearly Shares OutstandingCARR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
CARR Yearly Total Debt VS Total AssetsCARR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.65 indicates that CARR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of CARR (2.65) is comparable to the rest of the industry.
  • The Debt to FCF ratio of CARR is 5.65, which is a neutral value as it means it would take CARR, 5.65 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.65, CARR is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • A Debt/Equity ratio of 0.82 indicates that CARR is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.82, CARR is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Altman-Z 2.65
ROIC/WACC0.6
WACC8.45%
CARR Yearly LT Debt VS Equity VS FCFCARR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.3 Liquidity

  • CARR has a Current Ratio of 1.20. This is a normal value and indicates that CARR is financially healthy and should not expect problems in meeting its short term obligations.
  • CARR has a worse Current ratio (1.20) than 85.71% of its industry peers.
  • A Quick Ratio of 0.85 indicates that CARR may have some problems paying its short term obligations.
  • CARR has a Quick ratio of 0.85. This is amonst the worse of the industry: CARR underperforms 83.33% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.85
CARR Yearly Current Assets VS Current LiabilitesCARR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for CARR have decreased by -7.86% in the last year.
  • The Earnings Per Share has been growing by 9.22% on average over the past years. This is quite good.
  • Looking at the last year, CARR shows a very negative growth in Revenue. The Revenue has decreased by -24.14% in the last year.
  • Measured over the past years, CARR shows a small growth in Revenue. The Revenue has been growing by 4.49% on average per year.
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%

3.2 Future

  • Based on estimates for the next years, CARR will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.99% on average per year.
  • The Revenue is expected to grow by 6.95% on average over the next years.
EPS Next Y15.25%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
EPS Next 5Y15.99%
Revenue Next Year0.79%
Revenue Next 2Y2.99%
Revenue Next 3Y3.93%
Revenue Next 5Y6.95%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CARR Yearly Revenue VS EstimatesCARR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CARR Yearly EPS VS EstimatesCARR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 23.56, which indicates a rather expensive current valuation of CARR.
  • Compared to the rest of the industry, the Price/Earnings ratio of CARR is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 26.98. CARR is around the same levels.
  • With a Price/Forward Earnings ratio of 20.44, CARR is valued on the expensive side.
  • CARR's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. CARR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 23.56
Fwd PE 20.44
CARR Price Earnings VS Forward Price EarningsCARR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 61.90% of the companies in the same industry are cheaper than CARR, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as CARR.
Industry RankSector Rank
P/FCF 24.24
EV/EBITDA 18.37
CARR Per share dataCARR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • CARR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CARR's earnings are expected to grow with 14.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.54
PEG (5Y)2.56
EPS Next 2Y13.7%
EPS Next 3Y14.03%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.53%, CARR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.63, CARR pays a better dividend. On top of this CARR pays more dividend than 88.10% of the companies listed in the same industry.
  • CARR's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.53%

5.2 History

  • CARR has been paying a dividend for over 5 years, so it has already some track record.
  • CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
CARR Yearly Dividends per shareCARR Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 52.02% of the earnings are spent on dividend by CARR. This is a bit on the high side, but may be sustainable.
DP52.02%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
CARR Yearly Income VS Free CF VS DividendCARR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
CARR Dividend Payout.CARR Dividend Payout, showing the Payout Ratio.CARR Dividend Payout.PayoutRetained Earnings

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CARRIER GLOBAL CORP

NYSE:CARR (2/25/2026, 11:02:08 AM)

60.78

-2.75 (-4.33%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners87.14%
Inst Owner Change-4.07%
Ins Owners6.1%
Ins Owner Change10.19%
Market Cap50.80B
Revenue(TTM)21.75B
Net Income(TTM)1.48B
Analysts78.06
Price Target72.26 (18.89%)
Short Float %2.29%
Short Ratio2.16
Dividend
Industry RankSector Rank
Dividend Yield 1.53%
Yearly Dividend0.9
Dividend Growth(5Y)N/A
DP52.02%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.47%
Min EPS beat(2)-10.37%
Max EPS beat(2)15.31%
EPS beat(4)2
Avg EPS beat(4)3.43%
Min EPS beat(4)-10.37%
Max EPS beat(4)15.31%
EPS beat(8)5
Avg EPS beat(8)4.01%
EPS beat(12)9
Avg EPS beat(12)4.17%
EPS beat(16)12
Avg EPS beat(16)4.81%
Revenue beat(2)0
Avg Revenue beat(2)-3.44%
Min Revenue beat(2)-5.05%
Max Revenue beat(2)-1.83%
Revenue beat(4)0
Avg Revenue beat(4)-2.46%
Min Revenue beat(4)-5.05%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4.11%
Revenue beat(12)2
Avg Revenue beat(12)-3.21%
Revenue beat(16)3
Avg Revenue beat(16)-2.61%
PT rev (1m)-0.15%
PT rev (3m)-2.5%
EPS NQ rev (1m)-8%
EPS NQ rev (3m)-13.68%
EPS NY rev (1m)-1.15%
EPS NY rev (3m)-3.82%
Revenue NQ rev (1m)-2.68%
Revenue NQ rev (3m)-3.81%
Revenue NY rev (1m)-2.32%
Revenue NY rev (3m)-3.84%
Valuation
Industry RankSector Rank
PE 23.56
Fwd PE 20.44
P/S 2.34
P/FCF 24.24
P/OCF 20.42
P/B 3.68
P/tB N/A
EV/EBITDA 18.37
EPS(TTM)2.58
EY4.24%
EPS(NY)2.97
Fwd EY4.89%
FCF(TTM)2.51
FCFY4.13%
OCF(TTM)2.98
OCFY4.9%
SpS26.02
BVpS16.52
TBVpS-9.6
PEG (NY)1.54
PEG (5Y)2.56
Graham Number30.96
Profitability
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROCE 7.24%
ROIC 5.06%
ROICexc 5.34%
ROICexgc 22.75%
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
FCFM 9.64%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
ROICexc(3y)7.22%
ROICexc(5y)10.08%
ROICexgc(3y)26.77%
ROICexgc(5y)32.8%
ROCE(3y)7.94%
ROCE(5y)11.6%
ROICexgc growth 3Y-26.73%
ROICexgc growth 5Y-0.37%
ROICexc growth 3Y-33.6%
ROICexc growth 5Y-7.35%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
F-Score4
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Debt/EBITDA 3.29
Cap/Depr 30.77%
Cap/Sales 1.8%
Interest Coverage 5.16
Cash Conversion 72.12%
Profit Quality 141.24%
Current Ratio 1.2
Quick Ratio 0.85
Altman-Z 2.65
F-Score4
WACC8.45%
ROIC/WACC0.6
Cap/Depr(3y)54.1%
Cap/Depr(5y)71.4%
Cap/Sales(3y)2.14%
Cap/Sales(5y)1.96%
Profit Quality(3y)100.42%
Profit Quality(5y)90.87%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
EPS Next Y15.25%
EPS Next 2Y13.7%
EPS Next 3Y14.03%
EPS Next 5Y15.99%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%
Revenue Next Year0.79%
Revenue Next 2Y2.99%
Revenue Next 3Y3.93%
Revenue Next 5Y6.95%
EBIT growth 1Y-13.55%
EBIT growth 3Y-20.37%
EBIT growth 5Y2.91%
EBIT Next Year30.43%
EBIT Next 3Y12.85%
EBIT Next 5YN/A
FCF growth 1Y475.82%
FCF growth 3Y14.67%
FCF growth 5Y8.72%
OCF growth 1Y181.77%
OCF growth 3Y12.59%
OCF growth 5Y8.02%

CARRIER GLOBAL CORP / CARR FAQ

Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?

ChartMill assigns a fundamental rating of 3 / 10 to CARR.


Can you provide the valuation status for CARRIER GLOBAL CORP?

ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.


How profitable is CARRIER GLOBAL CORP (CARR) stock?

CARRIER GLOBAL CORP (CARR) has a profitability rating of 3 / 10.


What is the financial health of CARRIER GLOBAL CORP (CARR) stock?

The financial health rating of CARRIER GLOBAL CORP (CARR) is 3 / 10.


How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?

The dividend rating of CARRIER GLOBAL CORP (CARR) is 4 / 10 and the dividend payout ratio is 52.02%.